General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago,
Terminate contract with property management
As a first time rental property investor with long distance, I made many mistakes.
Recently, I realized my management company over charged me a lot even though with minor issues and suggested some installation which is not necessary. On top of that it caused lots of miscommunication and I can't trust them anymore.
So I decided to terminate the contract with current management company and will collect the payment from the tenant directly.
I don't see any term agreement on my contract with the management company.
1. Is it possible to terminate the contract anytime if I want?
2. Any suggestions to collect the payment from the tenant directly?
3. Do they transfer the security deposit and other documents to me?
I found a general contractor who will fix any issue on the property and I will have maintenance insurance plan.
Any suggestions or experience would like to share? I'd appreciate that.